Special policies needed to develop semiconductor industry
The semiconductor sector in Vietnam is emerging as a destination for many semiconductor manufacturers, particularly attracting the attention and presence of major global players such as Intel and Samsung - photo: Quynh Nga |
By participating in the global semiconductor market, Vietnam will have opportunities worth billions of US dollars. It is forecast that in 2024, Vietnam’s semiconductor industry will exceed US$6.16 billion in value. The semiconductor sector in Vietnam is emerging as a destination for many semiconductor manufacturers, particularly attracting the attention and presence of major global players such as Intel and Samsung with projects worth hundreds of millions to billions of US dollars.
Deputy Minister of Science and Technology Nguyen Hoang Giang stated that numerous major investors from developed countries are ready to invest in Vietnam’s semiconductor chip industry. Chip production consists of design, fabrication, packaging and testing. Vietnam is performing well in the packaging and testing stage, or more precisely, in the semiconductor packaging and testing support industry. On implementing the strategy to promote the semiconductor industry, the Ministry of Science and Technology will have scientific and technological programs and related tasks regarding semiconductor chips. Through research, the ministry will provide recommendations to the Government on which areas of the industry Vietnam should focus based on its resources and practicality, aiming for the shortest, fastest and most successful development. Therefore, these scientific and technological tasks need to be implemented early to yield quick results, Giang said.
Dam Bach Duong, Head of the Ministry of Science and Technology’s Department of High Technology, said the Government, ministries and sectors are highly interested in semiconductor chip industry development, and research capability and human resources are crucial to develop this industry. Since 2010, semiconductor chips have been included in the list of national products by the Prime Minister, but this policy has not yet been fully realized. The Ministry of Science and Technology is implementing semiconductor chip research, design and fabrication tasks.
At a recent conference reviewing a cooperative program between the Ministry of Science and Technology and the Ministry of National Defense, a representative from Viettel stated that his corporation has a project related to semiconductor chips and requested cooperation from the Ministry of Science and Technology. The Ministry of Science and Technology will work with Viettel to develop and propose special policies to facilitate the semiconductor chip industry. This is a special and specific industry, so not conventional but special policies will be needed to develop it, Duong said.
The Government has assigned ministries and sectors to research consistent, practical policies, creating the best conditions for enterprises, organizations and individuals to participate in the research, fabrication, development and production of semiconductor chips.
See also
Semiconductor investment prioritized
06:29 | 17/05/2024 Science - Technology
Full cyber stream ahead Bắc Giang focuses on digital society development
06:00 | 11/05/2024 Science - Technology
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
HCM City: Centre for Fourth Industrial Revolution to debut in September
06:00 | 05/05/2024 Science - Technology
Vietnam’s digital products to go global
06:00 | 04/05/2024 Science - Technology
See more news
Digital transformation events for banking sector slated for May
06:00 | 03/05/2024 Science - Technology
Completed legal framework helps better manage virtual assets
06:00 | 01/05/2024 Science - Technology
Vietnam urged to build legal corridor for AI industry
06:00 | 30/04/2024 Science - Technology
PM requires full legal corridor to promote national digital transformation
06:00 | 29/04/2024 Science - Technology
Work plan promotes national digital transformation for socio-economic development
06:00 | 28/04/2024 Science - Technology
Ministry orders solutions to ensure information security
06:00 | 27/04/2024 Science - Technology
Ministry enhances public awareness of creativity and innovation
06:00 | 26/04/2024 Science - Technology
Vietnam racing in AI development
06:00 | 24/04/2024 Science - Technology
Report on digital transformation 2023 launched
06:00 | 22/04/2024 Science - Technology
Building of legal corridor for AI development, application underway Official
06:00 | 20/04/2024 Science - Technology
Kazakhstan sees potential for increased agricultural cooperation with Vietnam
17:06 | 18/05/2024 Vietnam and other regions
Event eyes potential areas of Vietnam-Kazakhstan future cooperation
10:30 | 18/05/2024 News and Events
Vietnamese tourism information centre opened in India
08:00 | 18/05/2024 Tourism
Mounting inflationary pressure requires Government’s flexible moves
06:00 | 18/05/2024 Economy
Energy giants plan for national power plan
06:00 | 18/05/2024 Energy
Multimedia
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism
The Anam Cam Ranh named among Vietnam’s best family hotels
06:00 | 11/05/2024 Vietnamese Brands
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
Ministry proposes tax filing deadline extension for 2024
06:00 | 17/05/2024 Policy
Viet Nam targets to have 2 million enterprises by 2030
07:00 | 15/05/2024 Policy
Law on Telecommunications hoped to promote development of new telecoms services
06:00 | 13/05/2024 Policy
2024 Land Law to draw real estate investment, increase social housing supply
06:00 | 11/05/2024 Policy
Energy giants plan for national power plan
06:00 | 18/05/2024 Energy
Vietnam charts vision for sustainable, modern fisheries
06:00 | 16/05/2024 Industry
Vietnam should seize opportunity to join global semiconductor supply chain
08:00 | 15/05/2024 Industry
Việt Nam's wood industry strives to match sustainable wood demands
07:00 | 14/05/2024 Industry
Desk established in Dong Nai to support Japanese investors
09:02 | 16/05/2024 Investment
Vietnam should not miss opportunities to attract FDI
08:00 | 14/05/2024 FDI
New wave of Chinese investment
06:00 | 12/05/2024 FDI
Vietnam attractive destination for Dubai enterprises: Forum
09:04 | 11/05/2024 FDI
Banks raise interest rates to attract depositors
16:47 | 17/05/2024 Finance-Banking
Credit access obstacles lifted for collective economic entities
06:00 | 16/05/2024 Finance-Banking
Government urged to narrow domestic, global gold price gap
08:36 | 15/05/2024 Finance-Banking
Biometric verification ensures safer money transfers
17:23 | 13/05/2024 Finance-Banking
Enhancing informal sector’s role in EPR implementation
06:00 | 18/05/2024 Environment
Centre opened to serve environmental data integration, monitoring network operation
06:00 | 16/05/2024 Environment
Capacity building for policy makers, large emitters on ETS and carbon market
08:48 | 15/05/2024 Environment
Environmental audit to be effective management tool in Việt Nam
06:00 | 15/05/2024 Environment
Semiconductor investment prioritized
06:29 | 17/05/2024 Science - Technology
Full cyber stream ahead Bắc Giang focuses on digital society development
06:00 | 11/05/2024 Science - Technology
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
HCM City to complete 183km of metro routes by 2035
06:00 | 17/05/2024 Society
Railway sector gets creative to attract passengers
07:00 | 15/05/2024 Society
Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched
07:00 | 14/05/2024 Society
Central Highlands to become renewable energy hub
08:58 | 13/05/2024 Society
Vietnamese agricultural products to take part in Foodservice Australia 2024
15:08 | 17/05/2024 Vietnamese Brands
PV GAS launches Month of Workers
10:22 | 16/05/2024 Companies
National Brand Program promotes prestigious Vietnam
13:09 | 15/05/2024 Vietnamese Brands
Largest made-in-Vietnam bulk carrier launched
17:07 | 13/05/2024 Vietnamese Brands
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
European Literary Days focuses on gender
06:00 | 09/05/2024 Lifestyle
Vietnamese tourism information centre opened in India
08:00 | 18/05/2024 Tourism
Mysterious 'floating' lake discovered in Quảng Bình
16:54 | 13/05/2024 Tourism
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism
The hidden cafes of Hà Nội
06:00 | 11/05/2024 Tourism